The coefficient of variation is a measure of
A) Central tendency.
B) Absolute variability.
C) Absolute dispersion.
D) Relative variability.
E) Relative return.

Question

Quizplus · Accepted Answer

The coefficient of variation (CV) is calculated as the standard deviation divided by the mean, and it provides a measure of the relative variability or dispersion of a dataset. It is commonly used to compare the variability of datasets with different means or units of measurement. Therefore, the correct answer is that the coefficient of variation is a measure of relative variability.

The Coefficient of Variation Is a Measure of